MIRA
INFORM REPORT
|
Report Date : |
19.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GLORY GEMS, INC. |
|
|
|
|
Registered Office : |
15 West 47th
Street, New York, NY 10036 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
25.06.1999 |
|
|
|
|
Legal Form : |
Corporation –
Profit |
|
|
|
|
Line of Business : |
Importer and
wholesaler diamonds and precious stones. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company
Name
GLORY GEMS, INC.
Company acronym:
Contact Information
|
Address |
15 West 47th
Street New York, NY 10036 USA |
|
Telephone |
212-869-6780 |
Registration Data
|
Date of Registration |
June 25, 1999 |
|
Registration number |
New York State
does not issue organizational ID number |
|
Legal address |
15 West 47th
Street New York, NY 10036 USA |
|
Legal Form |
Corporation – Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Avanika DOSHI |
50+ |
Board/Executive
|
Name |
Avanika DOSHI |
|
Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Importer and
wholesaler diamonds and precious stones.
Staff
|
Number of staff employed |
2 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Far East |
Facilities
|
Rented |
Office |
|
Premises Size |
600 sq. feet |
Bankers
|
Bank |
Bank of India |
|
Branch |
New York, NY |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Company |
|
Figures are |
Estimate |
|
Currency |
USD |
|
Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
300,000= |
Reporter Comments
|
Comments |
The present report
was controlled with the Company. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Low
Trade Risk and to be fair. According to our
credit analysts, during the last 6 months, 94% of trade experience indicates
a regular payment. Payments of
imports are currently made with an average of 2 days beyond terms. |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.08 |
|
UK Pound |
1 |
Rs.71.17 |
|
Euro |
1 |
Rs.66.98 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to recommend
credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)